Verity Asset Management Inc. Invests $234,000 in Oshkosh Co. (NYSE:OSK)

Verity Asset Management Inc. acquired a new position in Oshkosh Co. (NYSE:OSK - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,463 shares of the company's stock, valued at approximately $234,000.

Several other large investors have also modified their holdings of the company. Assenagon Asset Management S.A. grew its position in Oshkosh by 3,329.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 240,223 shares of the company's stock worth $24,073,000 after purchasing an additional 233,218 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Oshkosh by 154.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 160,102 shares of the company's stock worth $16,044,000 after buying an additional 97,282 shares in the last quarter. Edgestream Partners L.P. boosted its stake in Oshkosh by 704.3% in the 3rd quarter. Edgestream Partners L.P. now owns 68,023 shares of the company's stock valued at $6,817,000 after buying an additional 59,566 shares in the last quarter. Holocene Advisors LP bought a new stake in Oshkosh in the third quarter valued at $5,375,000. Finally, Quantbot Technologies LP acquired a new position in Oshkosh during the third quarter worth $4,778,000. 92.36% of the stock is owned by institutional investors.

Oshkosh Trading Down 1.0 %

Shares of NYSE:OSK traded down $1.12 during mid-day trading on Friday, reaching $110.44. The stock had a trading volume of 735,969 shares, compared to its average volume of 782,344. The firm has a market cap of $7.19 billion, a PE ratio of 10.67, a price-to-earnings-growth ratio of 1.89 and a beta of 1.23. The firm has a 50 day simple moving average of $99.58 and a two-hundred day simple moving average of $103.12. The company has a current ratio of 1.51, a quick ratio of 0.76 and a debt-to-equity ratio of 0.14. Oshkosh Co. has a twelve month low of $89.08 and a twelve month high of $127.98.

Oshkosh (NYSE:OSK - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The company reported $2.58 earnings per share for the quarter, topping analysts' consensus estimates of $2.22 by $0.36. Oshkosh had a net margin of 6.34% and a return on equity of 19.31%. On average, research analysts predict that Oshkosh Co. will post 10.95 EPS for the current fiscal year.

Oshkosh Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 17th will be paid a $0.51 dividend. The ex-dividend date is Friday, February 14th. This represents a $2.04 dividend on an annualized basis and a yield of 1.85%. This is a positive change from Oshkosh's previous quarterly dividend of $0.46. Oshkosh's payout ratio is presently 17.78%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Raymond James upped their target price on shares of Oshkosh from $125.00 to $130.00 and gave the stock an "outperform" rating in a report on Friday, January 31st. Morgan Stanley raised their price objective on shares of Oshkosh from $98.00 to $110.00 and gave the stock an "equal weight" rating in a report on Monday, February 3rd. Truist Financial increased their price target on Oshkosh from $109.00 to $118.00 and gave the stock a "hold" rating in a research report on Friday, January 31st. Citigroup cut their price objective on Oshkosh from $125.00 to $110.00 and set a "buy" rating for the company in a research report on Tuesday, January 14th. Finally, JPMorgan Chase & Co. increased their target price on Oshkosh from $115.00 to $127.00 and gave the stock a "neutral" rating in a report on Friday, January 31st. One analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $125.00.

About Oshkosh

Oshkosh Corporation provides purpose-built vehicles and equipment worldwide. The company operates through three segments: Access, Defense, and Vocational segment. Its Access Equipment segment design and manufacture aerial work platform and telehandlers for use in construction, industrial, and maintenance applications; offers financing and leasing solutions including rental fleet loans, leases, and floor plan and retail financing; and towing and recovery equipment, which includes carriers, wreckers, and rotators, as well as provides equipment installation and sale of chassis and service parts.